Hertz Global (HTZ) Announces Resignation of Jeffrey Nedelman from Board

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Go back to Hertz Global (HTZ) Announces Resignation of Jeffrey Nedelman from Board

Jefferies sidelined on Hertz (HTZ) as EVs limit near-term profitability

January 19, 2024 9:15 AM EST

Jefferies downgraded Hertz (NASDAQ: HTZ) to a Hold rating (From Buy) and cut their 12-month price target to $8.00 (From $12.00) as they believe EV repair issues, higher opex and DPU may limit the rental car companys near-term profitability.

Jefferies recognizes that the stock is currently 10% lower than its 52-week low,... More